Exxon Mobil Corp (XOM)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 33,680,000 | 33,700,000 | 34,160,000 | 32,800,000 | 36,010,000 | 41,130,000 | 51,720,000 | 61,690,000 | 55,740,000 | 51,860,000 | 38,950,000 | 25,790,000 | 23,040,000 | -5,900,000 | -13,330,000 | -19,100,000 | -22,440,000 | 3,320,000 | 7,170,000 | 11,380,000 |
| Total assets | US$ in thousands | 453,475,000 | 461,916,000 | 460,707,000 | 377,918,000 | 376,317,000 | 372,259,000 | 363,248,000 | 369,371,000 | 369,067,000 | 370,152,000 | 367,774,000 | 354,771,000 | 338,923,000 | 336,688,000 | 337,289,000 | 333,770,000 | 332,750,000 | 358,043,000 | 361,495,000 | 355,804,000 |
| ROA | 7.43% | 7.30% | 7.41% | 8.68% | 9.57% | 11.05% | 14.24% | 16.70% | 15.10% | 14.01% | 10.59% | 7.27% | 6.80% | -1.75% | -3.95% | -5.72% | -6.74% | 0.93% | 1.98% | 3.20% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $33,680,000K ÷ $453,475,000K
= 7.43%
The return on assets (ROA) for Exxon Mobil Corp has shown fluctuating trends over the analyzed period. From March 31, 2020, to September 30, 2021, the ROA remained mostly negative, indicating challenges in generating profits relative to its total assets during that time frame. However, starting from December 31, 2021, the ROA turned positive and showed a consistent upward trajectory through December 31, 2024.
The significant improvement in the ROA from March 31, 2022, onwards suggests that Exxon Mobil Corp became more efficient in generating earnings from its assets. The highest ROA was observed on March 31, 2023, at 16.70%, reflecting a strong performance in utilizing its assets to generate profits.
Overall, the positive trend in ROA from December 31, 2021, to December 31, 2024, indicates a more favorable financial performance of Exxon Mobil Corp in terms of asset utilization and efficiency in generating returns for its shareholders.
Peer comparison
Dec 31, 2024